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The Letter of Debt Verification is a critical document in Hong Kong's debt management and collection process, used when a creditor needs to formally establish and verify a debt obligation with a debtor. This document is particularly important in situations where there is a need to confirm the accuracy of debt records, prepare for potential legal action, or comply with regulatory requirements for debt collection. The letter must comply with Hong Kong's debt collection regulations, including the Personal Data (Privacy) Ordinance and relevant financial regulations. It typically includes comprehensive details about the debt, such as the original amount, current balance, interest calculations, and payment history. A Letter of Debt Verification serves multiple purposes: it helps prevent disputes about debt amounts, provides a clear record of the obligation, and can be used as evidence in legal proceedings if necessary. The document is essential for both protecting creditors' interests and ensuring fair treatment of debtors under Hong Kong law.

1. Sender Details: Full name and contact information of the creditor or collection agency

2. Date: Date of the letter

3. Recipient Details: Full name and address of the debtor

4. Reference Line: Clear reference to the debt account number or identifier

5. Debt Details: Specific information about the debt including original amount, current balance, interest rates, and dates

6. Verification Request: Formal request for the debtor to verify the debt and acknowledgment of the obligation

7. Response Timeline: Specified period within which the debtor must respond

8. Legal Disclaimers: Required legal notices and statements under Hong Kong law